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Powell Industries to triple share count in 3-for-1 stock split
Powell Industries (NASDAQ: POWL) announced a three-for-one forward stock split approved by its Board of Directors, which will increase outstanding shares from approximately 12.1 million to 36.4 million. The record date for the split is March 20, 2026, with trading on a split-adjusted basis expected to begin on April 6, 2026, pending Nasdaq approval. This move aims to improve accessibility and liquidity for the company’s stock, following a period of strong financial performance.